Treasurer recognized for management of county finances
ALBION – Orleans County Treasurer Kim DeFrank has been recognized for managing the county’s finances.
DeFrank invests county dollars, which makes more money. At the end of August, she had $44,478,480 invested.
“Every dollar is invested,” she said. “The taxpayers’ money is earning money every day.”
DeFrank was recognized at the recent New York State Association of Counties conference with the “90+ cashvest” Award. This distinction is given to entities that receive a score of 90 or better for four consecutive quarters on several money management benchmarks.
“What this award really says is that Orleans County’s cash flow and money management are excellent, investing every tax dollar possible to maximize interest earnings and we adhere to best practices,” DeFrank said. “That leads to lower borrowing costs and maximization of tax dollars. That’s what our taxpayers deserve and expect.”